Boston Partners Sells 964,579 Shares of Nomad Foods Limited (NYSE:NOMD)

Boston Partners decreased its position in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,189,326 shares of the company's stock after selling 964,579 shares during the period. Boston Partners owned about 5.64% of Nomad Foods worth $154,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. River Road Asset Management LLC boosted its position in Nomad Foods by 0.6% in the fourth quarter. River Road Asset Management LLC now owns 4,044,438 shares of the company's stock valued at $67,866,000 after buying an additional 24,775 shares in the last quarter. Systematic Financial Management LP boosted its position in Nomad Foods by 11.5% in the third quarter. Systematic Financial Management LP now owns 1,267,098 shares of the company's stock valued at $24,151,000 after buying an additional 130,792 shares in the last quarter. Empowered Funds LLC acquired a new stake in Nomad Foods in the fourth quarter valued at approximately $317,000. PNC Financial Services Group Inc. boosted its position in Nomad Foods by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,333 shares of the company's stock valued at $459,000 after buying an additional 2,535 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Nomad Foods by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,322,267 shares of the company's stock valued at $38,968,000 after buying an additional 253,086 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays raised their target price on shares of Nomad Foods from $19.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Mizuho lifted their price target on shares of Nomad Foods from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th.

Nomad Foods Trading Down 1.0 %

Shares of NYSE:NOMD traded down $0.20 during mid-day trading on Friday, reaching $19.35. 814,949 shares of the company's stock were exchanged, compared to its average volume of 597,392. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 14.55 and a beta of 0.77. The business's fifty day moving average price is $18.33 and its 200-day moving average price is $17.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 1.20. Nomad Foods Limited has a twelve month low of $15.43 and a twelve month high of $20.81.

Nomad Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Nomad Foods's previous quarterly dividend of $0.15. Nomad Foods's dividend payout ratio (DPR) is currently 45.03%.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.